U.S. District Judge Lucy Koh signed off on the $117.5 million data breach settlement with Yahoo Inc. on Tuesday, but she slashed attorney fees by more than $7 million after concluding the deal was “unexceptional” and the legal work “not particularly novel.”
In her Tuesday order, amended on Wednesday, Koh found the settlement, which resolved the claims of an estimated class of 194 million Yahoo users, was reasonable, despite her assessment that she would have “expected a larger settlement.”
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